Author name: Peter

Bitcoin Reaches $49K High Before Dropping, as ETFs Record $2.3B in Trades by Mid-Day

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The Rise and Fall of Bitcoin's Price On January 11, 2024, at 11 a.m. Eastern Time (ET), the newly launched spot bitcoin exchange-traded funds (ETFs) made a grand entrance, boasting an impressive trading volume of $2.3 billion. However, the excitement was short-lived as bitcoin's spot markets took a dramatic turn later that afternoon. The prices […]

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Spot Bitcoin ETFs Wage Fee War as Bitwise Charts Unique Path

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Spot Bitcoin ETFs Gear Up for Fierce Competition With Low Fees, Teaser Rates, and More As the deadline for SEC approval approaches, spot Bitcoin ETFs are preparing for intense competition in the market. Industry giants like Blackrock and Fidelity have revealed their competitive fee structures, signaling the race to attract investors is heating up. Blackrock,

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SEC Chair Gary Gensler Approves 11 Spot Bitcoin ETFs in Landmark Decision

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, played a crucial role in the approval of 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. With a split vote of 2-2 among the commissioners, Gensler's vote tipped the scales in favor of approving the ETFs. Final Votes on

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Record-Breaking Debut: U.S. Spot Bitcoin ETFs Garner $4.6 Billion in Trading Volume

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On their highly anticipated first day of trading, U.S. spot bitcoin exchange-traded funds (ETFs) made a remarkable entrance, accumulating a staggering total trading volume of $4.6 billion. Among the top performers were Blackrock, the world's largest asset manager, with over $1 billion in trading volume for its Ishares Bitcoin Trust (IBIT). Additionally, the Fidelity Wise

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Warren Davidson Rejects U.S. Treasury’s Crypto Policy, Calls it ‘Dishonest’

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Warren Davidson Disagrees with U.S. Treasury's Crypto Policy Proposals Warren Davidson, Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Inclusion of the House Financial Services Committee, has rejected the policies put forward by the U.S. Treasury to regulate crypto assets. In an opinion post titled "Setting the record straight and debunking unworkable

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With Bitcoin ETF Approvals, Market Eyes Inflows and Potential Spot Ether ETF

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Bitcoin ETF Approvals: A Milestone in Cryptocurrency Regulation The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has marked a significant milestone in the regulatory landscape for cryptocurrencies. This move has captured the attention of investors and analysts, who are now shifting their focus towards potential spot ether

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SEC Commissioner Caroline A. Crenshaw Dissents Against Approval of Spot Bitcoin ETFs

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Concerns Raised by Commissioner Caroline A. Crenshaw Commissioner Caroline A. Crenshaw has expressed her dissent against the recent approval of spot bitcoin ETFs by the SEC. In her statement, she highlights several concerns related to market manipulation, concentration of bitcoin ownership, and the inadequacy of current regulatory measures in safeguarding investor interests. Market Manipulation Risks

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Bitcoin ETFs: Better Markets Criticizes SEC Approval, Calls it “Mass Marketing” of a Worthless Asset

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The Concerns Raised by Better Markets The recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has drawn criticism from Better Markets, an independent nonprofit organization focused on promoting public interest in financial markets and the economy. According to Better Markets, this approval has essentially allowed for the

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Senator Elizabeth Warren Criticizes SEC’s Approval of Bitcoin ETFs

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Senator Elizabeth Warren's Criticism U.S. Senator Elizabeth Warren has strongly criticized the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). According to Warren, the SEC is both "wrong on the law and wrong on the policy" regarding their decision on bitcoin ETFs. Immediate Criticism of SEC's Approval Warren's criticism comes

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